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Bloomberg Quint

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IndusInd Bank Will Take Rs 1,979-Crore Hit Due To Derivative Gaps, Confirms External Probe

  • IndusInd Bank will take a hit of Rs 1,979 crore due to discrepancies in its derivative portfolio.
  • The impact is equivalent to 2.27% of the bank's net worth as of December 2024.
  • The external probe report indicated a lower impact compared to the bank's internal review.
  • The bank will reflect the impact in its financial statements for FY 2024-25 and enhance internal controls for derivative accounting.

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